VPower Group International Holdings Limited (HK:1608) has released an update.
VPower Group International Holdings Limited has entered into a one-year Framework Agreement with its controlling shareholder, CNTIC, for the supply of Gen-sets. The deal, which is subject to reporting and annual review but not independent shareholder approval, involves transactions capped at approximately US$9 million. The company assures that the pricing terms for the Gen-sets will be on par with market rates and in line with what is offered to independent customers.
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